"The AICPA Accounting and Review Services Committee (ARSC) recently overhauled the Compilation and Review Standards. The compilation standards have been completely rewritten, significantly changing the landscape for this area of practice, and preparation of financial statements is introduced as a new service.
In this informative course, you will learn about the new Preparation of Financial Statements service, significant changes to the Compilation standards and better understand the updated Rev

The AICPA Accounting and Review Services Committee (ARSC) recently overhauled the Compilation and Review Standards. The compilation standards have been completely rewritten, significantly changing the landscape for this area of practice, and preparation of financial statements is introduced as a new service.
In this informative course, you will learn about the new Preparation of Financial Statements service, significant changes to the Compilation standards and better understand the updated Review engagement standards.

Objectives:

Upon completion of this course, attendees will be able to identify the impact of:

the new Compilation standard,the new Review engagement standard, andthe new Preparation of Financial Statements standards.

Major Subjects:

New Compilation standard expected to be issued in October 2014 by the AICPA ARSC, effective for compilations of financial statements for periods ending on or after December 15, 2015; early application permitted.New Review standard expected to be issued in October 2014 by the AICPA ARSC - effective for reviews of financial statements for periods ending on or after December 15, 2015; early application permitted.New Preparation of Financial Statements standard expected to be issued in October 2014 by the AICPA ARSC, - effective for preparation of financial statements for periods ending after December 15, 2014; early application permitted

Designed For: CPAs who prepare financial statements, and perform compilation and review engagements.